$669,500 Active
2031 Venice Drive #327
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
3 Beds
·
2.0 Baths
·
1,390 Sq Ft
Virtual Tour

About This Property

Elevate your Tahoe Keys lifestyle in this beautifully appointed 3-bedroom, 2-bath townhome, offering waterfront convenience and true Tahoe charm. Step inside to an inviting open-concept upstairs living area with warm wood tones, elegant exposed beam ceilings, a stylish kitchen and dining space, and a gas insert fireplace, perfect for cozy evenings.Relax on the upper deck and enjoy breathtaking views of Mount Tallac. The upstairs level also features the primary bedroom with an en-suite bath, while two additional bedrooms downstairs provide privacy and flexibility. A convenient Jack-and-Jill bathroom adds everyday ease. Step out to the back deck for Tahoe mornings and mountain sunsets, plus an additional storage closet for extra convenience.Best of all, enjoy the lifestyle you came for - your boat dock provides access to Lake Tahoe, along with exclusive Tahoe Keys community amenities including private beaches, pickleball and tennis, indoor and outdoor pools, and the marina. Minutes from skiing, boating, hiking, and mountain biking.

Listed by Jessica Woods — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143102
Days on Market 54
Sold Date 1800-01-01
Price/Sq Ft $482

Property History

Jul 05, 2026
Listed for sale
$669,500

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2016 · county record $322,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,390
Lot Size 0.02 acres
Year Built 1970
Property Type Townhouse
Style Contemporary
Subdivision St Moritz Townhouses 3
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 022195025000
Exterior & Lot
Exterior Features Boat Dock
Lot Features Water Front
View Mountains, Lagoon
Construction Wood Frame, Wood Siding, Rock
Roof Flat
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Fireplace
Financial
HOA Fee $4,856 / Quarterly
HOA & Community
Community Amenities Pool, Tennis, Hot Tub, Club House, Security, Beach, Pier, Boat Launch, Marina, Park
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Standard
52
PROJECTED GROSS ANNUAL REVENUE
$30K – $50K typically ~$36,930
~$3,078 per month
Avg Nightly
$194
Occupancy
52%
Cap Rate
2.2%

STR Investment Summary — 2031 Venice Drive #327, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$30K – $50K
typically ~$36,930
Avg Nightly Rate
$194
Projected Occupancy
52.2%
Cap Rate
2.2%
Structural Score: 52 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for South Lake Tahoe. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
504 sq ft covered of 215 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
717 sq ft
Allowed Coverage
215 sq ft · 30%
Existing Coverage
504 sq ft · 70%
Addable Coverage
0 sq ft
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($133,900)
Home price
$669,500
Loan details
30-yr fixed, 6.5%
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